Concept Security
ActiveSummary
Concept Security has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €85k and a net result of €26k. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88▲+9
Solvency75▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.0 against 1.83 in 2023; short-term debt: 49.8% and cash: 9% of total assets), but 50.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
49.8%
Return on assets
15.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
6 d early
2022
18 d early
2021
12 d early
2020
9 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€85k▲ 44.4%
2023 · €59k
2018: €29k
2019: €39k
2020: €49k
2021: €43k
2022: €66k
2023: €59k
2018 → 2024
Total assets
€171k▲ 29.9%
2023 · €131k
2018: €171k
2019: €160k
2020: €129k
2021: €131k
2022: €141k
2023: €131k
2018 → 2024
Net result
€26k▲ 140%
2023 · €11k
2018: €-28k
2019: €9k
2020: €16k
2021: €-6k
2022: €23k
2023: €11k
2018 → 2024
Working capital
€86k▲ 44.0%
2023 · €59k
2018: €57k
2019: €41k
2020: €37k
2021: €68k
2022: €77k
2023: €59k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€49k-€43k▼ 11.5%€66k▲ 53.5%€59k▼ 11.5%€85k▲ 44.4%
Operating result€25k-€-3k€35k€17k▼ 50.3%€39k▲ 124%
Net result€16k-€-6k€23k€11k▼ 52.9%€26k▲ 140%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 124% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €171k
Fixed assets
€100 ▼ 43.1%
Current assets
€171k ▲ 30.0%
Equity and liabilities €171k
Equity
€85k ▲ 44.4%
Debt
€86k ▲ 18.2%
Debt's share of the balance-sheet total falls from 55.2% to 50.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€39k▲
2023 · €22k
Cash flow
€26k▲
2023 · €16k
Current ratio
2.00▲
2023 · 1.83
Quick ratio
2.00▲
2023 · 1.81
Debt to equity
1.01▼
2023 · 1.23
ROE
30.8%▲
2023 · 18.5%
ROA
15.3%▲
2023 · 8.3%
Interest coverage
35.69▲
2023 · 20.70
Debt ≤ 1 year
€85k▲
2023 · €72k
Income taxes
€12k▲
2023 · €6k
Staff costs
€117k▼
2023 · €123k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€131k€171k▲
Fixed assets21/28€176€100▼
Tangible fixed assets22/27€76-
Furniture and vehicles24€76-
Financial fixed assets28€100€100=
Current assets29/58€131k€171k▲
Stocks and contracts in progress3€875€516▼
Stocks30/36€875€516▼
Amounts receivable within one year40/41€110k€153k▲
Trade receivables40€56k€93k▲
Other amounts receivable41€54k€60k▲
Cash at bank and in hand54/58€20k€15k▼
Deferred charges and accrued income490/1€781€2k▲
Equity and liabilities
Total equity and liabilities10/49€131k€171k▲
Equity10/15€59k€85k▲
Contributions10/11€6k€6k=
Reserves13€77k€79k▲
Non-distributable reserves130/1€3k-
Reserves not available under the articles1311€3k-
Distributable reserves133€74k€79k▲
Profit (loss) carried forward14€-24k-
Amounts payable17/49€73k€86k▲
Amounts payable within one year42/48€72k€85k▲
Trade debts44€47k€55k▲
Suppliers440/4€47k€55k▲
Taxes, remuneration and social security45€25k€31k▲
Taxes450/3€18k€17k▼
Remuneration and social security454/9€7k€13k▲
Accrued charges and deferred income492/3€742€676▼
Income statement
Code20232024
Remuneration, social security and pensions62€123k€117k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€76▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€147k€157k▲
Operating profit (loss)9901€17k€39k▲
Financial income75/76B€455€260▼
Recurring financial income75€455€260▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€17k€38k▲
Income taxes67/77€6k€12k▲
Profit (loss) for the period9904€11k€26k▲
Profit (loss) for the period to be appropriated9905€11k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€2k▲
Profit (loss) brought forward from the previous period14P€-24k€-24k=
Transfer from equity791/2€19k€24k▲
Transfer to equity691/2€11k€26k▲
To other reserves6921€11k€26k▲
Profit to be distributed694/7€19k-
Return on contributions (dividend)694€19k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €26k ▲140%
Operating result €39k, net result €26k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Genesius-Rode · 1 establishment unit since 1999
Ground area
110 m²
Building footprint
41 m²
Volume, LiDAR
307 m³
Parcel 22552F0290/02E000, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Waterloose Steenweg 166, 1640 Sint-Genesius-Rode
since 19992.092.396.007
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552F0290/02E000 | Flanders | 110 m² | 1 · 41 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Ekribo
BE 0795.539.461
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BdB
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,810 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-08-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
46649Wholesale of other machinery and equipment
46643Wholesale of electrical equipment, including installation materials
47552Retail sale of lighting equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.